Telephone and Data Systems Sees Unusually Large Options Volume (NYSE:TDS)

Telephone and Data Systems, Inc. (NYSE:TDSGet Free Report) was the recipient of some unusual options trading on Tuesday. Traders purchased 4,565 call options on the company. This is an increase of approximately 68% compared to the average daily volume of 2,711 call options.

Telephone and Data Systems Price Performance

Shares of NYSE TDS opened at $16.20 on Thursday. Telephone and Data Systems has a 1-year low of $6.43 and a 1-year high of $21.75. The business has a 50-day moving average of $17.00 and a 200-day moving average of $17.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 1.23. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -3.21 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDSGet Free Report) last issued its earnings results on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. Telephone and Data Systems had a positive return on equity of 0.21% and a negative net margin of 9.69%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned ($0.38) earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Telephone and Data Systems will post -1 EPS for the current fiscal year.

Telephone and Data Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a $0.19 dividend. This is a boost from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.69%. Telephone and Data Systems’s payout ratio is -15.05%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Principal Securities Inc. acquired a new stake in Telephone and Data Systems during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc raised its position in shares of Telephone and Data Systems by 155.8% during the 3rd quarter. Versant Capital Management Inc now owns 2,499 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 1,522 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Telephone and Data Systems during the 4th quarter worth approximately $46,000. Quarry LP acquired a new stake in shares of Telephone and Data Systems during the 4th quarter worth approximately $60,000. Finally, Covestor Ltd raised its position in shares of Telephone and Data Systems by 56.2% during the 1st quarter. Covestor Ltd now owns 3,954 shares of the Wireless communications provider’s stock worth $75,000 after purchasing an additional 1,422 shares during the period. Institutional investors and hedge funds own 95.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th.

View Our Latest Report on TDS

About Telephone and Data Systems

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Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.

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